Pacific Capital Wealth Advisors Inc. Takes $58,000 Position in The TJX Companies, Inc. (NYSE:TJX)

Pacific Capital Wealth Advisors Inc. bought a new stake in The TJX Companies, Inc. (NYSE:TJX) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 620 shares of the apparel and home fashions retailer’s stock, valued at approximately $58,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of TJX. Verdence Capital Advisors LLC lifted its holdings in shares of TJX Companies by 7.0% during the third quarter. Verdence Capital Advisors LLC now owns 7,016 shares of the apparel and home fashions retailer’s stock worth $624,000 after buying an additional 456 shares in the last quarter. NBT Bank N A NY increased its holdings in shares of TJX Companies by 3.0% during the third quarter. NBT Bank N A NY now owns 69,575 shares of the apparel and home fashions retailer’s stock worth $6,184,000 after purchasing an additional 2,036 shares during the period. Advisor Partners II LLC raised its position in shares of TJX Companies by 15.1% in the third quarter. Advisor Partners II LLC now owns 69,682 shares of the apparel and home fashions retailer’s stock valued at $6,193,000 after buying an additional 9,141 shares in the last quarter. Park Avenue Securities LLC grew its position in TJX Companies by 2.8% during the third quarter. Park Avenue Securities LLC now owns 59,096 shares of the apparel and home fashions retailer’s stock worth $5,252,000 after buying an additional 1,623 shares in the last quarter. Finally, Catalyst Financial Partners LLC increased its stake in TJX Companies by 5.6% during the 3rd quarter. Catalyst Financial Partners LLC now owns 4,911 shares of the apparel and home fashions retailer’s stock worth $436,000 after acquiring an additional 259 shares during the period. Institutional investors own 91.09% of the company’s stock.

TJX Companies Trading Up 0.5 %

TJX traded up $0.45 during trading on Tuesday, reaching $97.90. 4,749,316 shares of the company’s stock were exchanged, compared to its average volume of 5,091,767. The company has a current ratio of 1.21, a quick ratio of 0.64 and a debt-to-equity ratio of 0.39. The TJX Companies, Inc. has a one year low of $75.65 and a one year high of $102.84. The firm has a fifty day moving average price of $96.86 and a two-hundred day moving average price of $94.23. The stock has a market capitalization of $110.92 billion, a PE ratio of 25.36, a price-to-earnings-growth ratio of 2.45 and a beta of 0.87.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.10. The company had revenue of $16.41 billion for the quarter, compared to analysts’ expectations of $16.20 billion. TJX Companies had a net margin of 8.25% and a return on equity of 64.18%. TJX Companies’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.89 earnings per share. As a group, equities research analysts forecast that The TJX Companies, Inc. will post 4.07 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 16th will be issued a dividend of $0.375 per share. This is a positive change from TJX Companies’s previous quarterly dividend of $0.33. The ex-dividend date is Wednesday, May 15th. This represents a $1.50 annualized dividend and a yield of 1.53%. TJX Companies’s dividend payout ratio (DPR) is presently 34.46%.

TJX Companies declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, February 28th that authorizes the company to buyback $2.50 billion in outstanding shares. This buyback authorization authorizes the apparel and home fashions retailer to repurchase up to 2.2% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

TJX has been the topic of several analyst reports. Telsey Advisory Group reissued an “outperform” rating and set a $105.00 target price on shares of TJX Companies in a report on Wednesday, February 28th. Redburn Atlantic downgraded shares of TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price target for the company. in a report on Monday, February 5th. UBS Group raised shares of TJX Companies from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $104.00 to $132.00 in a research note on Thursday, May 2nd. The Goldman Sachs Group raised TJX Companies from a “neutral” rating to a “buy” rating and raised their target price for the company from $100.00 to $110.00 in a report on Thursday, April 25th. Finally, BMO Capital Markets boosted their price target on TJX Companies from $95.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $104.29.

Insider Transactions at TJX Companies

In related news, EVP Louise Greenlees sold 2,694 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $98.83, for a total value of $266,248.02. Following the transaction, the executive vice president now owns 50,273 shares in the company, valued at $4,968,480.59. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $98.98, for a total value of $1,979,600.00. Following the transaction, the chief executive officer now directly owns 515,801 shares in the company, valued at approximately $51,053,982.98. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Louise Greenlees sold 2,694 shares of TJX Companies stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $98.83, for a total transaction of $266,248.02. Following the transaction, the executive vice president now owns 50,273 shares of the company’s stock, valued at $4,968,480.59. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

TJX Companies Company Profile

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, and gourmet food departments; jewelry and accessories; and other merchandise.